RBI Grade B: New Exam Pattern and Syllabus

Major changes in RBI Grade B notification

1. 50% of the Financial & Management and Economic & Social Issues papers are descriptive. You need to type on answers on the screen.
2. Ethics added in the syllabus of Financial and Management.

The Reserve Bank of India is the apex governing body to regulate the banking institutions in India. RBI has released the notification for the recruitment of Grade B officers. RBI Grade B is a prestigious position that comes with ample career opportunities and benefits from the Reserve Bank of India.

In this resource page, we are providing you with the new syllabus and exam pattern that RBI has released for the officers in Grade B (DR) General.

Download Official Notification

Important Dates

Events		Important Dates
Website Link Open For Online Registration of Applications and Payment of Fees/Intimation Charges		January 28, 2021 to February 15, 2021
1. Officers in Grade B (DR)- General	Phase-I – Online Examination	March 6, 2021
	Phase-II – Paper I, II & III Online Examination	April 1, 2021

Vacancy Details

Sr. No.	Posts	No. of Vacancies
1.	Officers in Grade ‘B’ (DR)- General-PY 2021	270

Educational Qualification

Posts

Minimum Educational Qualifications  (as on 1st of January 2021)

1. Officers in Grade 'B' (DR) - (General)

Graduation in any discipline /Equivalent technical or professional qualification with minimum 60% marks (50% for SC/ST/PwBD applicants) or Post-Graduation / Equivalent technical qualification with minimum 55% marks (pass marks for SC/ST/PwBD applicants) in aggregate of all semesters/years. Note: Any such full-time course from a recognised University / Institute that is taken after Class XIIth and is at least of 3 years’ duration/ candidates possessing professional and technical qualifications which are recognised by the Government as equivalent to professional and technical graduation will be eligible for admission to the examination. Candidates who have passed the Final Examination for Membership of the Institute of Chartered Accountants of India may also apply for the post. OR Any such full-time course from a recognised University / Institute that is taken after graduation and is at least of 2 years’ duration / recognised by the Government as equivalent to post-graduation will be eligible for admission to the examination.

Age Criteria (As on 1st of January 2021)

Minimum Age Limit: 21 years

Maximum Age Limit (General): 30 years 

Maximum Age Limit (For candidates possessing M.Phil.): 32 years

Maximum Age Limit (For candidates possessing Ph.D): 34 years

Age Relaxation is as per Govt. norms as given below:

Category	Age Relaxation
Scheduled Caste or Scheduled Tribe	5 years
Other Backward Classes	3 years
PwBD	10 years
SC/ST/ PwBD	15 years
OBC PwBD	13 years

Application Fee and Intimation Charges

Sr. No.	Category	Charges	Amount*
1	SC/ST/PwBD	Intimation Charges only	Rs. 100/-
2	GEN/OBC/EWSs	Application fee including intimation charges	Rs. 850/-
3.	STAFF@	Nil	Nil

*Bank/Transaction charges are to be borne by the candidate. 

@ Fee/Intimation charges waiver is only for those employees of RBI (staff candidates) who satisfy the eligibility criteria separately stipulated by the Bank vide its circular CO. HRMD. No. G-75/ 5599/ 05.01.01/ 2013-2014 dated December 20, 2013. Their status as a staff candidate will be verified at the time of interview. In case they are not eligible to be treated as staff candidates (in terms of above referred HRMD circular), they are advised to indicate themselves as non-staff candidates and pay fees/ intimation charges as applicable to non-staff candidates.

Exam Pattern

Phase-I online Examination (Objective Type)

Subjects	No. of questions	Time Duration
General Awareness	80	120 minutes
English Language	30
Quantitative Aptitude	30
Reasoning Ability	60
Total Marks/Questions	200

Phase-II online Examination

Name of Paper	Type of Paper	Proposed Time (Minutes)	Proposed Number of questions	Marks
Paper-I: Economic and Social Issues	50% Objective Type and 50% Descriptive, answers to be typed with the help of the keyboard	30 90 Total-120	@	50 50 Total-100
Paper-II: English (Writing Skills)	Descriptive, answers to be typed with the help of the keyboard	90	3	100
Paper-III: Finance and Management	50% Objective Type and 50% Descriptive, answers to be typed with the help of the keyboard	30 90 Total-120	@	50 50 Total-100

@ For both Paper I and III, there will be 30 questions and 50 marks for Objective questions (some questions carrying 2 marks each and some carrying 1 mark each). In the case of Descriptive questions, 6 questions will be asked, of which candidates will be required to attempt 4 questions (2 of 15 marks each (with difficulty level) and 2 of 10 marks each). In case, the candidate answers more than 4 questions in descriptive, first 4 shall be evaluated. 

NOTE: All question papers (in both the Phases, except the test of English) will be set bilingually in Hindi and in English. 

Phase-III: Interview

• The interview will be of 75 marks.
• Final Selection will be through merit list which will be prepared by adding marks secured by candidates in Phase-II examination and interview.

RBI Grade B Course by Ramandeep Singh

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Syllabus for Phase-I online Examination (Objective Type)

Quantitative Aptitude	Reasoning	General Awareness	English Language
Data Interpretation	Statement and Assumptions	Current Affairs	Reading Comprehension
Number Series	Seating Arrangement	Dams/ Power plants/ National Parks	Para-jumbles
Data Sufficiency	Puzzles (Floor Based/  Month Based)	Organisations, Heads and Headquarters	Sentence-connectors
Partnership	Syllogism	Books and Authors	Double Fillers
Time and Work	Data Sufficiency	Cabinet Ministers and their Constituency CM and Governors -India	Idioms and Phrases
Percentage	Machine Input/ Output	Countries - Capital/ Currency	Vocabulary based questions
Simplification	Blood Relation	Famous Waterfalls/ Rivers/ Bridges/ Hill/ Tribes/ Mountain Peaks	Error Spotting
Time Speed and Distance	Direction Sense Test	Stadiums and Museum	Match the sentences
Ratio and Proportion	Coding-Decoding	Games-Venue/ Host Countries
Simple/ Compound Interest	Statement & Assumption/ Arguments	Summits and Conferences
		Dates and Days

Syllabus Phase-II online Examination

Paper-I - Economic and Social Issues (ESI):

Growth and Development 

• Measurement of growth
• National Income and per capita income 
• Poverty Alleviation and Employment Generation in India 
• Sustainable Development and Environmental issues.

Indian Economy

• Economic History of India 
• Changes in Industrial and Labour Policy, Monetary and Fiscal Policy since reforms of 1991 
• Priorities and recommendations of Economic Survey and Union Budget 
• Indian Money and Financial Markets: Linkages with the economy 
• Role of Indian banks and Reserve Bank in the development process 
• Public Finance 
• Political Economy 
• Industrial Developments in India
• Indian Agriculture 
• Services sector in India.

Globalization 

• Opening up of the Indian Economy 
• Balance of Payments
• Export-Import Policy 
• International Economic Institutions 
• IMF and World Bank 
• WTO 
• Regional Economic Cooperation
• International Economic Issues

Social Structure in India 

• Multiculturalism 
• Demographic Trends 
• Urbanisation and Migration 
• Gender Issues 
• Social Justice: Positive Discrimination in favour of the underprivileged 
• Social Movements 
• Indian Political System 
• Human Development 
• Social Sectors in India
• Health and Education.

Paper-II -English (Writing Skills):

The paper on English shall be framed in a manner to assess the writing skills including expression and understanding of the topic. 

Paper-III - Finance and Management:

a) Financial System 

1. Regulators of Banks and Financial Institutions
2. Reserve Bank of India- functions and conduct of monetary policy
3. Banking System in India – Structure and concerns, Financial Institutions – SIDBI, EXIM Bank, NABARD, NHB, etc, Changing the landscape of the banking sector.
4. Impact of the Global Financial Crisis of 2007-08 and the Indian response 

b) Financial Markets 

• Primary and Secondary Markets (Forex, Money, Bond, Equity, etc.), functions, instruments, recent developments. 

c) General Topics 

1. Risk Management in Banking Sector
2. Basics of Derivatives
3. Global financial markets and International Banking – broad trends and latest developments.
4. Financial Inclusion
5. Alternate source of finance, private and social cost-benefit, Public-Private Partnership
6. Corporate Governance in Banking Sector, the role of e-governance in addressing issues of corruption and inefficiency in the government sector.
7. The Union Budget – Concepts, approach and broad trends
8. Inflation: Definition, trends, estimates, consequences, and remedies (control): WPI, CPI - components and trends; striking a balance between inflation and growth through monetary and fiscal policies.
9. FinTech

d) Management: 

• Fundamentals of Management & Organizational Behaviour: Introduction to management; Evolution of management thought: Scientific, Administrative, Human Relations and Systems approach to management; Management functions and Managerial roles; Nudge theory. 
• Meaning & concept of organizational behaviour; Personality: meaning, factors affecting personality, Big five model of personality; the concept of reinforcement; Perception: concept, perceptual errors. 
• Motivation: Concept, importance, Content theories (Maslow’s need theory, Alderfer's’ ERG theory, McCllelands’ theory of needs, Herzberg’s two-factor theory) & Process theories (Adams equity theory, Vroom's expectancy theory). 
• Leadership: Concept, Theories (Trait, Behavioural, Contingency, Charismatic, Transactional and Transformational Leadership; Emotional Intelligence: Concept, Importance, Dimensions. Analysis of Interpersonal Relationship: Transactional Analysis, Johari Window; Conflict: Concept, Sources, Types, Management of Conflict; 
• Organizational Change: Concept, Kurt Lewin Theory of Change; Organizational Development (OD): Organisational Change, Strategies for Change, Theories of Planned Change (Lewin’s change model, Action research model, Positive model).
• Ethics at the Workplace and Corporate Governance: Meaning of ethics, why ethical problems occur in business. 
• Theories of ethics: Utilitarianism: weighing social cost and benefits, rights and duties, Justice and fairness, ethics of care, integrating utility, rights, justice and caring, An alternative to moral principles: virtue ethics, teleological theories, egoism theory, relativism theory, 
• Moral issues in business: Ethics in Compliance, Finance, Human Resources, Marketing, etc.
• Ethical Principles in Business: introduction, Organization Structure and Ethics, Role of Board of Directors, Best Practices in Ethics Programme, Code of Ethics, Code of Conduct, etc. 
• Corporate Governance: Factors affecting Corporate Governance; Mechanisms of Corporate Governance Communication: Steps in the Communication Process; Communication Channels; Oral versus Written Communication; Verbal versus non-verbal Communication; upward, downward and lateral communication; Barriers to Communication, Role of Information Technology